Iranian Saffron price increased again near %5 these days in the local market in September month.

In fact, different factors make this market more complex especially when New Crop arrives.

Supply side

1)Most experts predict that the market will see less new crop production because of drought like the previous year which took place in Iran Saffron center producer (Khorasan province).

2)Iran and Qatar countries sign contracts with private sectors which have a value calculated between 200 and 300 million dollars that has a big different effect especially psychologically in the market.

3)The government specifies the purchase price from farmers for the most expensive Saffron type which is called Super Negin(All red). Also, farmers are encouraged to use dryer tools for gaining more profit.

Demand side

When new crops arrive, there is a significant demand in the domestic and foreign market for saffron. Also, considering the issues raised in the supply sector, there is a possibility of promissory note demand for purchase.

Result

In conclusion, Please keep in touch with us to know the latest Iranian Saffron price.